Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information, Holders and Dividends
Our common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “UNFI”.
On September 8, 2026, we had 71 stockholders of record.
We have never paid any cash dividends on our capital stock and we have no current intention to pay cash dividends. Our future dividend policy will depend on our earnings, capital requirements, financial condition and other factors considered relevant by our Board of Directors. Our Term Loan Facility, ABL Credit Facility and Senior Notes contain terms that limit our ability to make cash dividends.
Comparative Stock Performance
The following graph compares the yearly change in cumulative total stockholder returns on our common stock for the last five fiscal years with the cumulative return on the Standard & Poor’s (“S&P”) SmallCap 600 Index and the S&P SmallCap 600 Food Distributors Index. The comparison assumes the investment of $100 on July 31, 2021 in our common stock and in each of the indices and, in each case, assumes reinvestment of all dividends. The stock price performance shown below is not necessarily indicative of future performance.
This performance graph shall not be deemed “soliciting material” or be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN
Among United Natural Foods, Inc., the S&P SmallCap 600, the S&P SmallCap 600 Food Distributors (1)
(1) Our selected industry peer group is the S&P SmallCap 600 Food Distributors Index, which includes The Andersons, Inc., The Chef’s Warehouse, Inc. and United Natural Foods, Inc.
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July 31, 2021 July 30, 2022 July 29, 2023 August 3, 2024 August 2, 2025 August 1, 2026
United Natural Foods, Inc. $ 100.00 $ 128.35 $ 62.56 $ 44.08 $ 81.55 $ 153.47
S&P SmallCap 600 Index $ 100.00 $ 93.76 $ 97.82 $ 105.91 $ 105.54 $ 143.40
S&P SmallCap 600 Food Distributors Index $ 100.00 $ 135.28 $ 109.83 $ 104.33 $ 138.87 $ 256.62
Issuer Purchases of Equity Securities
On September 3, 2026, our Board of Directors authorized a new repurchase program for up to $200 million of our common stock (the “2026 Repurchase Program”). Upon approval of the 2026 Repurchase Program, our Board of Directors terminated the repurchase program authorized in September 2022, which provided for the repurchase of up to $200 million of our common stock (the “2022 Repurchase Program”). Under the 2022 Repurchase Program, we repurchased 1,245,357 shares of our common stock for a total cost of $50 million in fiscal 2026. As of August 1, 2026, we had $88 million remaining authorized under the 2022 Repurchase Program.
Any repurchases are intended to be made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions or otherwise. With respect to open market purchases, we may use a plan or plans meeting the conditions of Rule 10b5-1 under the Exchange Act, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed blackout periods. We manage the timing of any repurchases in response to market conditions and other relevant factors, including any limitations on our ability to make repurchases under the terms of our ABL Credit Facility, Term Loan Facility and Senior Notes.
The following table presents purchases of our common stock and related information for each of the months in the quarter ended August 1, 2026:
(in millions, except shares and per share amounts) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (2)
Period (1) :
May 3, 2026 to June 6, 2026 165,171 $ 51.46 165,171 $ 100
June 7, 2026 to July 4, 2026 — $ — — $ 100
July 5, 2026 to August 1, 2026 255,331 $ 48.96 255,331 $ 88
Total 420,502 $ 49.94 420,502 $ 88
(1) The reported periods conform to our fiscal calendar.
(2) The amounts shown in this column represent the amount remaining under the 2022 Repurchase Program as of June 6, 2026, July 4, 2026 and August 1, 2026.
ITEM 6. RESERVED